Hungarian pork price increases

By: trademagazin Date: 2009. 05. 15. 00:19

The remainder of the year the price of pork can increase up to 10-15 percent. The increasing import and the surplus accumulated in the EU, can reduce prices.

Slaughterhouses bought 27 percent lesser than in the past. The slaughter of import animals has been increased and reached 25 percent in the first quarter of 2009.  The purchase price of the domestic pigs in the first quarter of 2009 was 19% higher compared to last year's same period.  However, the difficult economic situation can decrease demand for meat products with 5-10 percent, while feed costs increased with nearly 30 percent. The good news is that there are new markets Hungarians can deliver: the demand for U.S. pork decreased in China and Russia, and Japan is also interested in Hungarian pork.

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